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Exam (elaborations)

Gold Coast Real Estate Exam Study Guide

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  • Course
  • 2024/2025
  • Institution
  • 2024/2025

Gold Coast Real Estate Exam Study Guide Tract building - Answer-When a dev. Acquired land, records a plat map and uses a model center from which sales may be made Local level - Answer-Planning, zoning, property taxation, building and health codes and regulations, and building moratoriums that ...

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  • October 15, 2024
  • 17
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • 2024/2025
  • 2024/2025
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Emillect
EMILLECT 2024/2025 ACADEMIC YEAR ©2024 EMILLECT. ALL RIGHTS RESERVED. FIRST PUBLISH OCTOBER 2024.




Gold Coast Real Estate Exam Study
Guide

Tract building - Answer✔✔-When a dev. Acquired land, records a plat map and uses a model

center from which sales may be made


Local level - Answer✔✔-Planning, zoning, property taxation, building and health codes and

regulations, and building moratoriums that affect development play a significant role in the cost

and desirability of real estate


Broker associate - Answer✔✔-A licensed broker working for another broker


False - Answer✔✔-A florida real estate license applicant must be a resident and citizen (true or

false)


Application Denial - Answer✔✔-You have 21 days to send a formal letter to the department for

a hearing if:


One - Answer✔✔-How mang brokers can a sales or broker associate work for


Post license requirements - Answer✔✔-No grace period


Sales associate first renewal - Answer✔✔-No grace period


Exempt from licensure - Answer✔✔-Attorney in fact/ Attorney at Law



Page 1/17

,EMILLECT 2024/2025 ACADEMIC YEAR ©2024 EMILLECT. ALL RIGHTS RESERVED. FIRST PUBLISH OCTOBER 2024.



Attorneys at law - Answer✔✔-My perform legal services on behalf ofntheir clients; they may

prepare documents, handle closings, and give legal advice.


Involuntary inactive - Answer✔✔-An individual who does not request renewal of their second or

subsequent lecense, pay the required fees, or maintain their continuing education requirements

will have their license placed in


2 years - Answer✔✔-A license may remain in involuntary inactive status for no longer than


Special Agent - Answer✔✔-A special agent is authorized under agency law by the employer to

perform a single act. The employment contract between the employer and agent establishes

the limit of authority granted


Presenting offers - Answer✔✔-A broker has a buty to transmit any and all offers to the employer

including oral offers or offers made without a binder deposit


Limited - Answer✔✔-A transaction broker provides what kind of representation


Single agent - Answer✔✔-this agency relationship is created when a broker accepts

employment under a single agency agreement. A broker may represent a seller or buyer , or a

landlord or tenant.


Principal - Answer✔✔-In a single agency relationship, the employer becomes the


For sale By owner - Answer✔✔-Non Representation or (No Brokerage Relationship can also be

called)


FSBO - Answer✔✔-For sale by owner can also be called

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, EMILLECT 2024/2025 ACADEMIC YEAR ©2024 EMILLECT. ALL RIGHTS RESERVED. FIRST PUBLISH OCTOBER 2024.



Stationary Construction - Answer✔✔-An active broker is required to have this open which must

be registered with the department of Business and Professional Regulation where Negotiations

and the closing of real estate transactions can be conducted with privacy


Others - Answer✔✔-Licencees should make clear that they are dealing on their own account

and not acting on the behalf of


Public - Answer✔✔-Licencees should make known their status as licencees to members of the


Serious negotiations - Answer✔✔-This Disclosure should be made prior to entering into


Deposit - Answer✔✔-A form of Money, personal property, real property, or anything of value

that is capable of being converted into cash.


Closing - Answer✔✔-Typically the deposit is intended as partial payment of the purchase price

at?


Post dated checks - Answer✔✔-Are considered to be promissory notes and can be accepted as

earnest money with the seller's approval.


True - Answer✔✔-When a deposit is placed, or is to be placed, with a title company or an

attorney, the licensee who prepared or presented the sales contract must indicate on that

contract the name, address, and telephone number of the title company or attorney with whom

the deposit was placed (True or False)


Escrow or trust account - Answer✔✔-May be held in a commercial bank, title company which

has trust powers, credit union, or savings and loan association located in the state of Florida

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